https://www.taxtmi.com/acts?id=1129 Procedure on receipt of an application under section 127B of the Customs Act, 1962 prescribes a time-bound framework for the Settlement Commission to consider whether the application should be allowed to proceed. The Commission must issue notice, consider the applicant's explanation, and either allow or reject the application within the prescribed time, failing which the application is deemed allowed. If admitted, the Commission calls for a report, may direct further enquiry, and then passes an order after hearing the applicant and the jurisdictional customs authority. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 19 Jun 2026 13:22:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1129 Procedure on receipt of an application under section 127B of the Customs Act, 1962 prescribes a time-bound framework for the Settlement Commission to consider whether the application should be allowed to proceed. The Commission must issue notice, consider the applicant's explanation, and either allow or reject the application within the prescribed time, failing which the application is deemed allowed. If admitted, the Commission calls for a report, may direct further enquiry, and then passes an order after hearing the applicant and the jurisdictional customs authority. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1129